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Toni Braxton

Bankrupt Again

May Owe $50 Mil

10/7/2010 10:45 AM PDT BY TMZ STAFF

Toni Braxton has filed for bankruptcy again -- claiming she owes somewhere between $10 million and $50 million in unpaid debts all over the country ... including DMVs in TWO different states.

Toni Braxton bankruptcy.
Braxton -- who sold more than 40 million albums in her career -- just filed for Chapter 7 bankruptcy in California ... and in the docs, the singer claims she's only worth somewhere between $1 mil and $10 mil ... but she could have up to $50 mil in debts. 

In the docs, 43-year-old Braxton lists a ton of creditors to whom she thinks she may owe money... including:

-- AT&T
-- The Four Seasons Hotels
-- Cedars-Sinai Medical Center
-- Various medical bills
-- DirecTV
-- Neiman Marcus
-- The William Morris Agency
-- Tiffany & Co.
-- Orkin Pest Control
-- The Internal Revenue Service

-- BMW Financial Services
-- ADT Security
-- American Express
-- Flamingo Las Vegas
-- Mesa Air Conditioning
-- Nevada Power Company
-- Screen Actors Guild
-- The Westin
-- Wells Fargo Bank



Braxton also claims she may owe money to the City of L.A. Parking Violations Bureau -- and the DMV in both California and Nevada.

Braxton has a storied history of financial problems -- she filed for bankruptcy back in 1998 ... and earlier this year, the IRS filed a lien against her for $396k. 

See also

224 COMMENTS

No Avatar
91.

brazenweep    

The problem here is that she'll keep doing it again and again. While most of us can't file for bankruptcy because it will trash our credit for too long for us to be able to survive, she can just release another album and start all over again.

Any company extending her credit again after this bankruptcy should be prosecuted on behalf of the taxpayers.

1440 days ago
92.

angela    

This is embarassing Toni...If you cant afford it dont get it

1440 days ago
93.

Kent    

I don't see any Best Westerns or Honda dealerships on this list. Rolling too hard, too fast, too deep -- without anything to back it up. Not good.

1440 days ago
94.

Brew    

I don't feel sorry for her! How is it even possible to get $50mil in debt? Hasn't she heard of living within her means? What a loser!

1440 days ago
95.

Lori    

This has nothing to do with who the president is, this has to do with her living beyond her means. A lot of these things she could control.

-- AT&T
TALK ON THE PHONE LESS! DON'T TEXT!

-- Neiman Marcus
-- Tiffany & Co.
I DON'T EVEN NEED TO SAY ANYTHING ABOUT THESE TWO PLACES!

-- American Express
QUIT CHARGING EVERYTHING! (AND QUIT GOING TO NEIMAN'S AND TIFFANY'S!)

-- Flamingo Las Vegas
-- The Westin
-- The Four Seasons Hotels
HOLIDAY INN!

-- BMW Financial Services
TOYOTA! HONDA! GET SOMETHING RELIABLE AND PRACTICAL!

1440 days ago
96.

ann    

THAY THAT T I KNOW THE NEIGHBORHOOD TONI COMES FROM.SEVERNA, AND GLEN BURNIE MD. PEOPLE HERE WERE PROUD TO SAY THEY KNEW TONI!! NOT ANY MORE!!

1440 days ago
97.

huka    

How much could she owe Orkin pest control hahhahahah

1440 days ago
98.

Wiley    

Bankruptcy got her out of her debts 12 years ago so why not just do it again? She got to spend $40M more than she earned and that's a lot more than we all get to spend. Now she just needs to come up with the cost of the lawyer and she can start over again. All the other customers will pay her bills with higher prices and interest rates. She'll probably get to keep the multi-million mansion and the luxury cars so it's hardly even an inconvience for her.

1440 days ago
99.

William    

Another liberal who didn't learm arthmetic in school.

1440 days ago
100.

BigmoneyBleezy    

Pathetic, should be criminal!

1440 days ago
101.

cjs    

Ummm, you can not go bankrupt against the IRS.. Harvey please explain that one. If you can then why doesn't everyone with student loans just file?

Also the med bills, for a nip tuck perhaps? SAD .

Just a plain sorry excuse for someone who has the means, talent .. to steam roll through a pile of cash(reckless spending) and leave everyone hanging.

Every time someone does this the rest of us PAY in some way for their stupid actions.

1440 days ago
102.

Bubba Ganoosh    

I see this type of thing all the time in the industry I work in and its the same old story. These people always think they're next big hit is right around the corner but they've become accustomed to living a certain lifestyle and their spending habits never change despite the changes in their income which in this case isnt what it once was. She was big like what, 15 years ago? She hasnt had a hit record in god knows how long. There are very very few people in the music industry that have longevity. Most have a window of a few years where they cant miss and then its over. Just because you have a hit record or two or even three doesnt mean you're going to be around forever. Sounds to me like she (like alot of artists) has been a bit delusional about her career and where its at right now.

1440 days ago
103.

Wiley    

I think everyone might not recall that she had major heart problems and had to under go heart surgery that was probably very expensive. As a result, she was not able to work for years. I can imagine that the medical bills from that experience was millions of dollars. It just goes to show that even the seemingly rich can be devastated by high medical bills

Posted at 6:58 AM on Oct 7, 2010 by Rob
_____________________________________________________________


Hey Rob! I don't make nearly as much money as she has and I have health insurance to cover the medical expenses for my entire family. I'm sure she could have insurance too but if she doesn't it's just another case of her being irresposible so don't blame her problems on medical bills. She spends her money like it will never end and makes no provisions for dry spells and emergencies. When did Nieman Marcus and Tiffany start treating cancer anyways? Look and think before you post. She's ignorant and doesn't learn from her mistakes.

1440 days ago
104.

pat    

Wow. There sure seems to be a whole lot of deadbeats in the U.S.

1440 days ago
105.

SBL    

What do you call it when someone takes something and doesn't pay for it? It's called stealing. She is a crook and should be thrown in jail or made to pick up trash on the highway. She's a thief.

1440 days ago
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